Two Special Guests on Coffee with Captain #1,225

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The host criticizes 2021-22 utility NFT brands for abandoning promised perks, while noting surging live audiences and heating on-chain activity on Robinhood chain. - Live audience across all channels is up 3-4X over the past month, despite more competition in the same time slot from shows like Easy and Threat. - Praises Easy, PO, Clemente and crew for staying true to crypto/Web3 content while others pivoted to AI, stocks, or prediction markets. - Wrote an open letter to Class of 21/22 utility NFT brands, confused why many communities quietly accepted rebranding to "culture NFTs" or "IP NFTs" without any formal notice that utility was being

Transcript

the Uber generous haunts over in the abstract streets. Tips me, basically every single day, big generous ping-o-tip over there, half my ping-o bag I think is by way of haunts. Also have a couple of fire undead that I will tweet out here. Probably we'll let the spaces link go and then I'll send this out around a little after nine after Mason and my more than Mason's gonna be joining us, but looking forward to that, I'll share that here after the top of the hour. But yeah, big love, appreciate the takeover and happy birthday to all those who celebrate. If you're new, if you're not familiar with training and I'm dead, hang out. We've got like I said, 830 guest, could courtium joining and then junior undead at nine. And boy oh boy, I know I've been saying it for a while, things are heating up, not just on training activity, not just, I mean, this show, our live audience has been two, three, maybe some days four X on average, collectively across all channels, as it was just lower over a month ago. Like the last month has been really supercharged and obviously it's someone like simple farmer joins you just today when he's becoming the main character of the cycle, it's gonna drive some numbers, but it's not just that, it's like every day we've been significantly over where live listeners were a couple months ago. And all by the way, during the time where there's far more competition in this time lot, time's the time block than there was a couple months ago when I was, you know, we, what I'm referring to. So we're actually viewers and listeners are up to three, four X simultaneously as easy starts doing a show at eight eight o'clock or nine o'clock rather. Threat guy came back and started doing it or moved his show up and started doing an eight AM show. So significantly more, you know, I guess you can call competition. I don't really view them that way, but clearly content live shows discussing this space. And so that being said, viewership active participants way up over the last month, you can see it on chain, you can see it in spaces, you can see it on the timeline. And or maybe, maybe, maybe it has something to do with X. Maybe the algo changes a little while back, followed by Nikita getting his golden watch. Maybe the changes actually are benefiting niche spaces like crypto Twitter. I don't know, all I know is it's very noticeable and the data supports it. And once again, shout out to Junior and Undead. That's all I got for quote up and today would definitely be coming back to, yeah. I'm glad you're the nurse in the intro guy. I like Thurghat though, not taking these shots. But just because I share it easy as a show, that doesn't mean you're allowed to leave us. I'm not going to take shots it easy because easy is actually the brain child behind this sponsor board. And I'm a big fan of easy and PO and Clemente and Nick and that whole crew, great respect for how that they've continued to show up day and day out in this space. And without pivoting away, kind of reinvent themselves, different types of content, different channels like Instagram and while still keeping a lot of people just left. A lot of people just went, oh, I'm going to just talk about AI or stocks or prediction markets. And while they obviously they'll cover that stuff as well, they continue to talk about crypto and Web3 and respect and appreciate that. There was Big Sail last night. I did see that laser eye eight move for about 42-E and I'm love to see it. I also, while I do love to see it, I want to give it a little bit. Let me, let me, I avoided the rage baby or click baby title the other day. So I'm not going to go there today, but I did just sit on an open letter to the class of 21, 22 utility NFT brands. I won't enough to remember that the majority, not all, there was certainly just our collections that launched, but I'm going to love to remember the majority of the 2021, 2022 NFT, PFP class were utility NFTs. And then for some reason, we see they were different, they had different brands with different ways, but they rebranded to culture NFTs or IP NFTs and whatever, teach their own. Like, but that's, I think where I'm confused is there's a lot of community members. They're like, they're cool with it. Like, oh yeah, we're not a utility NFT. It's like, when did that happen? Like I didn't see a statement from any of these teams to say we're no longer providing utility or perks for our holders. And before I get to second have a context, I am absolutely not expecting free magic internet money to be dropped out of the sky. It's not what I'm saying. Not expecting more fungible tokens drops or someone mentioned something like, you know, dropping a second third or second collection on Robinhood chains. That's not it. Not what I'm talking about at all. So please don't get a context, but I think a lot of people are like, oh, we're, they're pushing back. I've been trying to think which, which, where to go here, which post to share, which comments. I've been back and forth with a few people on the timeline and I don't, I'm not mad. I'm upset with you. I don't mean any disrespect by it. I am still long-aid, so I'm still, I have a lot of, a lot of utility NFTs, whether they're called that or not, that's at least what they used to be. And there's a, I don't know, maybe it's just people who are, have been sidelined on the Robinhood chain or explosion or other things. And maybe they're just feeling a certain way and it's just their way of, some of the cases maybe they're just driving doing it simply for engagement farm. I don't know, it's hard to tell for sure. But I, and I'm surprised so many people are just cool with, they're almost taking it like, hey, this isn't, they're mad or they're taking shots at things like stonkbrokers or others that are excited about what's happening on chain. Onchain activity is heating up. It's, it's quantifiable. It's not just me saying this, good way, should you charge us today, go, go look at the data, you can't deny it. And it's not just cool, meaning out of 44,000 collection for over a million dollars. Not just that, there's a lot of things, users are up, activity is up, volume is up. And Robinhood isn't just some bootstrap startup that launched a new chain. There's a lot to be excited about there. And they haven't even turned on their marketing engine for, you know, they're 30 million users. If you, if this upsets you, blame FFV. Because what we saw yesterday was, good vibes club, teased the collaboration with stonkbrokers. And so did Normies, both their floors pumped. Again, I'm not expecting the collaboration with stonkbrokers to pump every collections for. That's not what I'm looking for. I'm not looking for a pump exit, not in a least bit. I don't even care about floor price. I don't care whose floor's higher. I don't care who flips the other. I know I'm probably in the minority there. I truly don't care. What I do care about is the space, these communities, ones that I'm long on, ones that I'm not only invested in from a financial standpoint, but a, like time in brand. And I care, like I truly care about more than just, you get more than just saved several of these brands. And I just, I believe they can be better. I think some, and I'm not calling any brand or any people out individually because it's kind of across the board from a lot of the legacy brands that there was this shift during the bear of, hey, we can't, we tried some activations, we did some things and it just upsets people. The market doesn't respond, the floor doesn't go up, and some cases it goes down. And so we're just, we're gonna take the foot out the gas, we're gonna stop really shipping activations, we're gonna stop experimenting on chain, we're just gonna focus on our big picture, or whether that's reaching the web two masses, via social media or through national retail distribution, or other side, I get that. Nothing here should be an expense at the expense of the big vision, the true north, the big goals that they're shooting for. And I also understand like during the depths of a bear, it's hard to win. And what can you do? But when things are popping off, I think it's fair to ask like, what are we doing this month this year? Like what's next? What sort of on-chain experimentation are we gonna do? Especially when it's teams that previously were leaders in this regard. This is, again, BlameFFE for this. He says, this is WTF I'm talking about, founders projects that can find ways for their communities to be involved with new plays or narratives is one of the biggest decision-makers of why people hold NFTs. The long-term vision is great, and people do truly believe in those long-term visions. But in the meantime, they should be finding ways for their communities to be involved in the fun. It's a lot more fun to be involved in new exciting stuff, to be experimenting, to be playing games, to be doing new things on-chain, than just sitting on our hands waiting for a brand to become the next Disney, or other side to ship the resource game. Like, this isn't an or, it's an end. He goes, I'm sorry, go back to quoting NFFE here, he goes on to say, otherwise, we'll continue to see a downtrend on legacy collections. Nobody likes to see everybody else having fun, making money from the sidelines. That's why we sell Funkari, flip-pudges, maybe even Apesune, adaptor-die. And NFFE had another post, like Funk, how was Funkari, flipping-pudges? And the answer is because they're providing utility. Like, things are heating up, and they're working for their holders. Like, there's opportunity there, and someone's like, well, how can you compare the two? This has a few hundred versus 20,000. It's like, does market cap matter? It's a metric. But if someone's looking to, if they've got eight eth, and they're looking to pick up a NFT, join a community, are they gonna spend that eight eth on an ape, on two pudgies, on two Funkari? Or it depends on what their goals are. If it's someone that's looking to make money here, whether it's appreciation of the asset, or opportunities that the asset might provide by way of access and utility, it's probably Funkari 10 times out of 10. Right now, especially if it's someone that it's part of their decision, is can this be a profitable investment? Is there something that's gonna appreciate over the next 12 months? Is this something that I might have other opportunities? Not a token drop, not tokenized stocks, but this NFT might this community help me get access to the next big thing, to other allocation, other token drops, other NFTments. And right now, again, quantifiable, Funkari's running laps around those other two mentioned. I'm not naming that, that was just the two that FFD mentioned in the threat. FFD left, because I was picking on him, a kid. And this is why I quoted this morning, and this was my open letter, to all utility NFT brands from 2021-22, several of which have later rebranded as IP or culture NFT brands. No one's decision to buy your NFT was because they wanted a digital collectible or a culture NFT. I don't even know what that means. They bought for utility, access, networking, experimental tech, and or financial opportunities. Even those who wanna say, nope, I just bought a digital collectible. I saw SpinoTron just picked up an eight this morning. I'm sorry, a Stomp Brooker actually, my bad. He's a collector. Stomp Brookers also have someone who've extremely high net worth, and he can collect things that are just gonna sit in a wallet and not looking for any short-term opportunity from. He may not need a club or a access for networking purposes. But even those who are all I want is collectible, and minimum as a tiebreaker, if you've got two collectibles, both of which have a future, well, is there other stuff there? Is there utility? Is there access? Is there networking opportunities? Are they experimenting on chain? Might it lead to might there be opportunities for new financial opportunities? And it doesn't matter if this is actually, for those that wanna say, oh, it's a few hundred versus tens of thousands, well, the person who's looking at as an investment, the one with a couple of a few hundred is probably more attractive than one with thousands because there's only a few hundred. People are less likely to dump into bids. People are less likely, there's a greater opportunity to land some of those, you know, allow list opportunities when it's a smaller subset. I'm not saying Funkari is gonna five extra here.

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